A public notice issued on the CIMA website on Friday revealed that Brighton Segregated Portfolio Company (Brighton SPC) had been placed in “official liquidation” on 6 October.
The regulator also cancelled Brighton’s mutual fund registration.
The Cayman Islands’ arm of auditing firm PricewaterhouseCoopers (PWC) has been appointed to wind up the company, which is administrated by Belvedere Management Group.
False since inception
Last month, CIMA petitioned to have Brighton SPC wound up after citing evidence to suggest the funds had been “false since inception”.
Brighton SPC was in control of Cayman-based Kijani Resources, which owned the Kijani Commodity Fund Segregated Portfolio and the Kijani Income Fund Segregated Portfolio. Kijani was made insolvent in June.
In March, the Brighton directors resigned from the firm after news emerged that investors might have a problem accessing their assets.
